Devolution: Finance Adam Price To ask the Chancellor of the Exchequer if he will conduct a needs-based analysis of Government funding of the devolved administrations. Yvette Cooper The devolved funding arrangements are set out in the ‘Statement of Funding Policy’, which was updated and published by the Treasury in October 2007. Under these arrangements the devolved administrations are able to allocate their block budgets to devolved spending programmes to reflect their own assessment of their priorities and needs.